The Globalism hoax got large US corporations to support off-shoring. They had indoctrination training for employees on Diversity to escape the “Racist” label. Then these US corporations went Woke and adopt policies to promote Diversity, Equity and Inclusion for LBGTQ. The Bud Lite ad tanked their sales in 2023.
Most of these companies have off-shored their supply chains. Many of these companies like Apple have partnered with China. It is clear that China will continue to expand its own industries. The assumption that US Companies would have meaningful access to Chinese consumers was false. This reinforced my belief that these companies have become incompetent. They should have invested in the advanced manufacturing techniques we developed in the 1990s.The companies that adopted Lean Manufacturing in the 2000s and kept their manufacturing in the US are doing fine
The decline of US companies began in the 1970s, with lack of focus, quality problems, foreign competition, high corporate taxes and demands from foreign countries for US companies to set up manufacturing plants in thier countries. In the 1980s, when US companies faced serious competition and their costs were high from regulations and wages, US companies were ready to off-shore their manufacturing. In the 1990s, Globalism advanced with NAFTA and UN Agenda 21 implementation and US companies began to move their manufacturing to other countries to avoid higher wages and unnecessary regulations. US companies did retain Services to repair their products and address US consumer complaints. By the 2000s, this transition to foreign manufacturing was accelerated as electronics companies were offered a 50% reduction in cost and they chose to loose their intellectual property to China. In the 2010s, more regulations were imposed, corporate taxes were high and the off-shoring of US manufacturing was complete. In 2017, Trump began to reverse the exodus with a lower corporate tax and a reduction in unnecessary regulations, but most US companies refused to re-shore their supply chains.
These companies will be expecting Trump to force re-shoring using higher Tariffs and lowering the Corporate Tax Rate further. Trump will start with “critical industries” like steel for military and anti-biotics and other essential pharmaceuticals.
Trump wants reciprocal trade, where imports and exports are close to even. Trump’s Tariffs could be imposed on all or some of the imports. His sanctions will ban imports from Russia, Iran, Venezuela, Cuba and others. He will give importing countries the choice between joining his sanctions or not. If they do not, they will not be allowed to import anything into the US.
Trump would end the Green New Deal and end US support for the UN Climate Change Hoax. Trump will remove regulations that limit oil and LNG production and resume finishing the Pipelines. Increasing the supply of LNG will lower the cost of Nitrogen need to grow food. Increasing oil production will decrease oil prices and decrease the cost of gasoline.
Trump wants to increase US oil and natural gas production to drive prices down and began to reduce the US Trade Deficit that is now over $1 trillion. Trump would sell natural gas to Europe and reduce their dependence on Russia and Iran.
Eventually, Iran will not be able to afford funding terrorist proxies and Russia would not be able to afford its expansion plans. Israel would be safe and Ukraine would join NATO. Trump would allow mining in the US to create our own supply of Rare Earth materials needed to support semiconductor demands.
Most of the 46 companies where I served as a Consultant from 1993 to 2017 were electronics companies. I warned them not to take the 50% cost reduction deals offered by China in the 2000s. I told them that half the circuit boards the bought from China would not pass inspection and would need to be returned. I also told them that their patents would be void after Chinese Engineers replaced an obsolete component and delivered a redesign of the circuit boards. Most of my customers chose to take the 50% discounted boards because they needed to reduce costs. It was a short-sighted move and I wasn’t surprised, They were panic driven by quarterly earnings reports.
There is plenty of blame to go around between the US Government Agencies, US elected officials, US Corporations and US Voters.
The US Government created unnecessary regulations, supported unions in manufacturing companies and failed to reduce corporate taxes from 1970 to 2016. It failed to see that threatening Banks with discrimination suits prompted them to give home loans to unqualified buyers. It allowed failed mortgages to be cut into pieces and sold as an investment. This created the financial meltdown of 2008.
US Corporations in the 1950s and 1960s were large, competent and respected. They sponsored TV programs instead of running excessive ads. Not so today. They are shadows of their former selves.
I was blessed from 1965 to 2017 to work for 52 years with corporations that were conservative. I know that Woke companies do not like conservatives and I never had to work with these Woke companies. I know that these Woke companies have lost their best managers and executives because these conservatives couldn’t stand to work there anymore.
Norb Leahy, Dunwoody GA Tea Party Leader
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